- Sep 19, 2011
- 28,495
- 10,067
- 900
pay In 2023, the federal government's spending of $658 billion for interest costs on the national debt.
www.pgpf.org
...from 164,997,000 individual tax returns.
In total, net interest payments will total $12.4 trillion over the next decade.
usafacts.org
So... if the national debt today is: $34,558,157,524,900 as of 4/27/24 at 9:40 AM CDT...
www.pgpf.org
AND the net worth after expenses, of all the assets in the USA is ....
The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).
en.wikipedia.org
What's the problem? The USA has 258% more assets AFTER paying off entirely the national debt of $34.5 Trillion.
What Are Interest Costs on the National Debt?
Interest costs are on track to become the largest category of spending in the federal budget.
www.pgpf.org
In total, net interest payments will total $12.4 trillion over the next decade.
How much money does the government collect per person?
The federal government collected $5.03 trillion in federal revenues in 2022, averaging out at $15,098 per person.
usafacts.org
What Is the U.S. National Debt Right Now — and Why Is It So High?
See the latest numbers and learn more about the causes of our high and rising national debt.
The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).
